Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $14.7 Million Order From Naval Surface Warfare Center
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - August 18, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $14.7 million fixed-price follow-on contract
from NSWC, Crane Division for AN/KAX-1A Forward-Looking Infrared systems.
The stabilized, lightweight, multi-sensor systems delivered under this
contract will support the Long Range Ground Mobility Visual Augmentation
Systems (LR-GMVAS) Program and provide ground vehicles with an all-weather,
day/night, high-resolution, stabilized, thermal imaging capability.
Work will be performed at FLIR's facilities in North Billerica, MA and
deliveries are expected to be completed within 12 months.
"FLIR is committed to providing our military customers with outstanding
infrared systems in support of critical missions. We are pleased to be
working with NSWC Crane to supply these vehicle-based systems to our
nation's ground forces," said Earl R. Lewis, President and CEO of FLIR
Systems, Inc.
Forward-Looking Statements
The statements in this release by Earl R. Lewis, and the other statements
in this release about the orders described above, are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Such statements are based on current expectations, estimates
and projections about the Company's business based, in part, on assumptions
made by management. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to
predict. Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements due to
numerous factors, including the following: the ability to manufacture and
deliver the systems referenced in this release, changes in demand for the
Company's products, product mix, the timing of deliveries under the orders
discussed above, the impact of competitive products and pricing,
constraints on supplies of critical components, excess or shortage of
production capacity, the ability of the Company to manufacture and ship
products in the time period required, actual purchases under agreements,
the continuing eligibility of the Company to act as a federal contractor,
the amount and availability of appropriated government procurement funds
and other risks discussed from time to time in the Company's Securities and
Exchange Commission filings and reports. In addition, such statements could
be affected by general industry and market conditions and growth rates, and
general domestic and international economic conditions. Such
forward-looking statements speak only as of the date on which they are
made and the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the date
of this release, or for changes made to this document by wire services or
Internet service providers.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture and
marketing of thermal imaging and stabilized camera systems for a wide
variety of thermography and imaging applications including condition
monitoring, research and development, manufacturing process control,
airborne observation and broadcast, search and rescue, drug interdiction,
surveillance and reconnaissance, navigation safety, border and maritime
patrol, environmental monitoring and ground-based security. Visit the
Company's web site at www.FLIR.com.